Ratner To Pay $180 M. Less Upfront For Atlantic Yards

In the world of public-private real estate deals, the word “renegotiation” has been popping up a lot lately.

The latest installment came early Monday afternoon, when the Metropolitan Transportation Authority announced a revised plan for the Atlantic Yards project on M.T.A. land in Brooklyn, for which the agency was once promised $100 million upfront and a $250 million new rail yard.

Developer Forest City Ratner, which intends to build a basketball arena...

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